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To: Smokin' Joe
I'm handling it the best I can. But I hope you guys are saving your money. The current situation is not sustainable.

What I want to see is a second system that can compete with fossil fuels. Or a second and a third. If we had other viable coices, there wouldn't ever be a price problem again.
161 posted on 06/07/2006 9:20:06 AM PDT by mysterio
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To: mysterio
The current situation is not sustainable. It never is. I have been in the industry since the '70s, and the collapse in 1982, and further collapse in '86 taught me to pay cash for as much as I can. The price crash of the late '90s was unexpected, but we were ready for it.

But it is the cyclical nature of the industry which makes it really difficult to solve the problem. Who wants to invest millions or billions of dollars in projects or infrastructure which are unlikely to pay out? The money has to be there up front, or it just won't happen. By the time the permits are gathered, the hearings are done, and the go-ahead comes in, the price crashes again. It just keeps the problem the way it is.

I would love to work steadily until retirement--that might make retirement possible, as opposed to using up savings to keep the lights on when the industry goes dead in the water for a year or two.

I get by, and have worked at a lot of interesting sideline jobs, from construction work to calling bingo, to dealing blackjack in a titty bar.

You manage, especially when there are kids to feed, and now we are raising grandchildren...

Yes, it would be in our country's best interest to have the means to be energy self sufficient developed, but frankly, that would not be happening if gas was still only a dollar a gallon.

162 posted on 06/07/2006 9:32:10 AM PDT by Smokin' Joe (How often God must weep at humans' folly.)
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